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way and mild way and raise the minimum wage that it has a positive effect on the local economy. positive effects in terms of lower training costs and turnover and less lost time at work and dedicated employees, so small businesses, mid size and large businesses benefit from in, as well as local government because they don't have as many people relying on social services. so, the data doesn't back that up. in fact, it's a positive thing he when we do it in a planful fashion to raise the minimum wage. >> on this issue, just like an economist. on the one hand, on the other hand, there are studies on both sides. but jonas there is an argument that higher minimum wages reducing turnover, which lessens the costs of employers and could increase employments. >> you would never leave the job if you could get it, it's a pretty good wage. negatives and benefits. both sides of kind of right. if the minimum wage is low $2, it wouldn't disrupt the job market. if it's $50, high unemployment, but a-- there's obviously a level between there where the negatives would exceed the positives. there
spending control. it's by creating jobs, growing the economy, and expanding the tax base. >> president obama will continue to take his message on the road next week with a stop at a virginia ship building operation. virginia with the massive spending would be hit by the cuts. >> molly, good to see you, kelly? >> jamie, as washington braces for billions in budget cuts, oklahoma senator tom coburn is calling on president obama to stop a 100 city campaign style tour, and angela mcglowan is a fox news political analyst, mark hanna, an adjunct professor at media of new schools and former aide, mark and angela, thank you for joining us, as you both know, senator tom coburn of oklahoma sent a letter to the white house, in it, if washington is truly cutting spending on missions many consider vital, how can we at the same time promise and promote more financial adistance, much less afford this mammoth, 100 city cross country tour, wrote coburn, and while he talked about that, while it's well intentioned, he's urging the president to cancel this tour. mark, what do you think about that? >> kelly
? the fear is there. of course we need cuts, you need it in stages. you don't do it when the economy is fragile. you do it when the recovery is stronger. and these across the board cuts, bad news. >> and tobin, i wouldn't call them cuts, they're trims, and to hear the white house, i'm afraid to go out of the house, should we be scared of this? >> obviously, the economy is scared of something else and scared of it turning to 26 trillion dollars in a 15 trillion dollars economy, in other words, we would in fact be great. the 85 billion, of course, doesn't account for the 50 or 60 billion, and if you add that back in. this is literally what the government spends, remember, the government spends 4 billion a day and this is actually, to carry this, this is about, you know, maybe ten days of total spending all in. no, it's not a big deal, it's total semantics. >> we've got selling on this show, gary b. shouldn't we be hitting the panic button? >> absolutely not. we should be hitting the panic button if we d because there's a few head scratchers here, i know that jehmu is worried about this
for the economy in the long run. >> the interesting point about jobbings. unions want the pipe lines. >> of course thape do. >> the members saying we want the jobs here. there is it an irony to what the protestors are all about. they don't want the pipe line because it will unwind autoefficiency standards and we have electric fired from energy from coal that really pollute. >> i don't believe rick's protestations that the democrats want all of the above. our governor in new york state doesn't like nuclear and like fraking but he is not interested in turning down his air conditioner. >> the president will have to choose between the environmentalist who are protesting loudly and on the other side the union guys who want the jobs, who should he choose? >> he should choose union and he will go to the environmentam. he believes it is bad. >> rick, not only has he said that past. but mr. c, had u said that. >> when did they say it a bad thing. >> they are the carbon. >> he has a dinosaur that oil is a thing . past. always expect the unexpect would. >> last word from mr. forbes. forget the smoking dream
on republicans warning that our economy, jobs, lives, could be in danger, if these scheduled cuts across the board go through. but the latest numbers show if the automatic reductions take place, there will be 85 billion dollars in cuts this year. that's equal to what the government spends in nine days. even if it happens, the government is projected more than last year, so he you see, we're talking about a decrease in the increase in spending and you may be asking yourself how can we survive and live on, with just the paltry amount of spending? well, where would we look for the example? how about last year when we did it just fine? all this leading to questions about how the fallout could be so dramatic. so dire, so awful. when the total federal budget is actually increasing. chris stirewalt is our national digital news editor. how can we do it? where can we find the historical example of the surviving on a budget that's cut in this manner. oh, last year. i mean, what's the answer to that. why are the politicians, you know, chicken littling us? >> well, remember this, if there , if there
spinding. prices go up and the value of people's savings go down and hurts the economy and devastating to poor folks and folks on a fixed income and both pears are guilty of this . goods that cost a thousand buckings cost 13,000 -- $1300 >> wayne, what do you say? >> i agree with him. with the treasury selling an enormous amount of dibit, 70 or 80 percent of the treasury bills and bonds that are sold and brought by the federal reserve. the public doesn't understand that. but that is what is happening. that is inflation that kills us all at some point in time. the problem with food prices, isified . that means both chicken and beef suffer as a result. when a farmer's cost go up, he will pass it on to the consumer and the consumers pays more. >> i see that happen. gary what do you say is that critically important. >> for a family of four every dime counts and when they are sitting at the table, everything matters and looking at the checkbook, john thown is it right. the fed is printing money and we are seeing inflation. i am worried about the hyper inflation. >> and margey, what do you s
with iran to discuss its nuclear program and iran's economy has been severely damaged by international sanctions the past several months, but iran remains defiant and israel and other middle eastern countries continue to push for a military strike on iran's nuclear facilities, but kelly, many western and military analysts say a military strike would probably not be completely effective and cut back iran's nuclear am billingses by a few years, kelly. >> connor powell, by the way, how does the world need to react to iran's mixed messages, the former ambassador to the united nations john bolton joins us to weigh in. >> the family of olympic athlete oscar pistorius is speaking out. he's charged with premeditated murder in the shooting death of his girlfriend reeva steenkamp. speaking to reporters today his uncle says that pistorius is numb with shock and grief. >> as you can imagine our entire family is devastated. we are in a state of total shock. reeva, who have got to know well and cared for deeply. after consulting with our legal representatives, we deeply regret the allegations of pre
immediately. it would be over time. jay carney insists just the fear out there is hurting the economy and the point is not whether it's march 1 or march 10. >> what happens on march 1? , march 2? when you say -- the president said hundreds of thousands of jobs. there's not going fob hundreds of thousands the first week. >> no, but there will be job losses. >> quantify this, you're scaring the public that this is going to be happen. >> so the you don't see economic firms are scaring the public and the cbo. >> how do you back up that it's urgent and hundreds of thousands of -- >> i would love to rewind to the questions i get the day of the gdp figure came out for the fourth quarter. the questions were alarming. maybe you were trying to scare the public but you asked sensible questions. one of the reasons we got the number we got despite other positive news was because industries, especially in the defense sector, were anticipating the implication of the sequester. >> so speakeron boehner is out with an op-ed that also warns about major deep cuts coming as well. he puts the own news on t
the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here as well, paul than just the president sort of figuring out how to fight in the political trenche
and speaking the language that we understand those concerns. >> is this going to be a major drag on the economy. i'm back to you now? >> if government allows it to be. energy is an obvious example. prices for energy have gone up. the massive inflation spike we saw in the late '70s and early '80s, that was born in the policies of carter, ford, nixon, administrations prior. we a need get tough politicians who are going to stop spending and put the government back on a sound footing. >>> back to you on the food prices. can it trickle through to a broader economy. this kind of price increase could have ramifications for g.d.p.? >> getting back to what was said to think politicians are going to stop spending, they are like pigs in a trough and they are going to keep spending. number two, the families of four they are getting smarter. they are going online coupon sites. they are shopping and joining clubs where they get discounts. but their margin is getting slower. bottom line if it is a real problem, as you throw in energy, high cost of healthcare, all these factors are a drain on businesses. its p
people to make more than $9 an hour. you create a robust economy. >> bill: what is the biggest problem facing america? two new analysts scott brown and herman cain will tell us and i will weigh in on that. >> i'm a clinton person. that is the way politics is. >> bill: how does president obama stack up against president clinton? >> he needs to go into the room >> bill: here come the lawsuits against carnival cruise operation. he millions of dollars will be sought with the ship falling apart on the high seas. is it legal? >> caution you are about to enter the no-spin zone. factor begins right now. ♪ ♪ >> bill: i'm bill o'reilly, thanks for watching tonight. what is the biggest problem facing the country today? that is the subject of this evening's talking points. on paper the biggest problem is the national debt approaching $70 trillion with no end in sight and failure of pinheads to deal with the debt in washington. if the massive borrowing continues the u.s. economy could very well collapse, but in reality, no on the paper, the biggest problem the nation has is us, our mentality. i
humira, to help relieve your pain and stop further joint damage. >>> the overall effect on the economy is slow down the recovery. not only end up being direct job loss but because the economy is softer it means we won't be driving down unemployment as quickly as we should. >> are you willing to see a bunch of first responders lose their jobs? teachers laid off? air traffic controllers and airport security, hardship on a lot of people. seep yours, middle class families scram to believe find child care for their kids. bad idea. a bad idea. >> the sequester was the administration's idea. in they were president obama's idea. >> the so-called "sequester" was obama's idea in the first place. he signed it in to law. >> white house lemede recommendd this. >> bret: conservative group crossroad gps launched that ad today, that video. before that you saw the president at the white house. answering president at appearance with the japanese prime minister. bring in our panel. fredbars, "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. fred, where d
first step toward getting federal spending under control in a way that would ultimately help the economy. >> let we get back to my first, if sequestration isn't, maybe we'd get as many as we might have if we spent money and if we're at the status quo. >> they're talking as far as jobs are concerned and the larger economy. if the government spends less in the larger economy, then it would cost some jobs overall. as far as the-- >> meaning slow growth, rather than cost jobs. >> exactly. as far as the military is concerned, there's a lot of controversy about this. you have a lot of republicans who are against sequestration, solely on the grounds of cuts to the federal government, excuse me to the defense department and you've heard today, leon panetta talking about hundreds of thousands of workers who will be furloughed and talked about damage to combat readiness and say there's an omb report, management and budget which says that they believe that the secretary of defense, and the president, do have the discretion to move money around so that combat readiness would not be affected by these
on the economy if it were to take place. >> there were others like howard dean suggesting the president should let the sequester happen. to slice the pentagon's budget. dean telling the huffington post i'm in favor of the sequester. it's tough on things i care about a lot but the fact of the matter is you are not going to get another chance to cut the defense budget in the way it needs to be cut. white house officials disagree. as an outgoing defense secretary leon panetta who warned such deep cuts could leave america with a second rate military. you will remember republicans were furious before the election that the white house did not follow the warren act that requires employers to warn employees about the potential lay-offs. since furlough notices are only going out now, defense officials say they work at the pentagon until late april. even if the sequest starts on march 1. at the white house, ed henry. fox news. >> bret: the pentagon's budget chief says the effects of the cuts will be felt nationwide. he says the biggest potential losses will be in california, texas, georgia and virginia.
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential. looks like we're going to need to order more agaves... ah! oh! ow! ... and more bandages. that's powerful. sharble data plus unlimited talk and text. now save $50 on a droid razr maxx hd by motorola. >> chris: this week he took on democrats and republicans in his tea party response to the president's state of the union address. here are with his critique of both parties is senator rand paul of kentucky. welcome back to "fox news sunday." >> good morning. >> chris: we will get to the president in a moment. let's start with the republicans. you say the sequester is fine, even the 40 plus billion dollars that the pentagon would take in military spending cu
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
the sequester is not higher taxes or just better spending control. it's by creating jobs, growing the economy and expanding the tax base. >> president obama will be taking his message on the road next week to a virginia shipbuilding operation. virginia, with its massive defense industry, would be hit hard by the spending cuts. arthel. >> molly henneberg live from washington. thanks. >> as the u.s. faces its own economic problem, britain's economy is facing a serious new setback. moody's, the credit rating agency, announced the first ever downgrade of the u.k.'s pristine credit rating by a notch, blaming weak growth and political turmoil for throwing its deficit reduction plan off course. david ram con says he has full confidence in his finance minister, george osborne, despite criticism that their debt strategy is failing to deliver, britain now joining the u.s. and france in having lost its triple a rating from at least one major agency. >>> serious new concerns out of iran asment country's powerful revolutionary guard begins new military exercises, at the same time iranian scientists announ
of the rich. the problem is when tries to squeeze more none any ou moneyf the economy he is slowing it down. we slowed down in the fourth quarter. it is not because government spending it going down. government spending is is still going at pace. we petn spen spent more no theh quarter last career than in the nird quarter. we never had a real cut in spending in recent history. i will think he is flat out wrong. >> chris: but does it matter whether it is right or wrong and you know this doesn't have anything to do with politics, as a matter of practical politics isn't the president putting the republican party in the same spot he is successfully put you in during the campaign. he is defending the middle class and you guys are protecting tax breaks for the wealthy. >> right. and that is empty and false rhetoric. it is our job to explain to the american people that big government doesn't help the poor. big government creates massive debt which causes your price to rise. your gas price going up if you make $20,000 a year and have two kids you are poor and when the gas prices go from $3.20 to $3
salaries. nearly three times median income of residents in the town all as the economy was tanking before their eyes. the mayor made close to $100,000 a year for a part-time job. prosecutors say that the ex-mayor knew exactly what he was doing. he and other city workers raised property taxes, hiked fees for businesses and used other shady measures to pay. the lawyer claimed the one time city leader cannot read and never graduated from grade school. a convicted killer on death row gets another peeve. reprieve. three days after the state of georgia was to execute an jen mate the supreme court is back in the mix. >>> tense moments in court as prosecutors question a woman who admits that she killed her ex-boyfriend but you says she can't remember stabbing him. oh, yeah, she remembers the shooting part but not the stabbing. the 27 stabbings. that is coming up. to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't
to do is keep on making our overall economy use less oil. >> neil: but what is all this about how much energy we're using, but not how much energy we're getting? because we're not getting as much as we can. the oil watch, on what is really behind the pain at the pump. what is it? >> certainly not consumption. that statement from president obama is ridiculous. if you look at u.s. oil consumption, it's been declining for a long time now. last year we consumed 18.6 million barrels of oil a day, which i the same amount we consumed in 1996. so u.s. oil consumption is going down. not about the u.s. consuming more oil. western european oil consumption is going down. i you want to know where the growth is coming. , it's emerging marks like champion and india. china consumes two barrels of oil per person per year compared to the u.s. at 22 and at it just going to keep going -- >> it's not how much we're using but access to how much we're getting? the president says he has been more open to opening up land than anyone prior. you say what? >> well, i don't think so. obviously the u.s. energy comp
which have hurt the iranian economy, but not the nuclear ambition. this comes as tehran has announced it's discovered a new large uranium deposit that would help the nuclear program. if it is true and tough to prove or to believe exactly what tehran says, it would triple the size of iran's known nuclear uranium deposits. diplomats are trying to work on controlling their nuclear program. they are supposed to meet with iranian leaders, diplomats from the united states, france and germany but no one has optimism that anything is going to change between tehran and the rest of the world because neither side is offering anything new. >> heather: thank you coner. >> kelly: three weekends in a row now. northeast is getting slammed with wintery weather. forecasters predicting a foot of snow in some areas. maria molina is live in the weather center, and punxsutawney phil said we would only have six weeks left but it's coming with a fury. >> he is only right about 30% of the time but we want to talk about the winter storm. you mentioned about a foot of snow possible especially in southern new engla
to the increase in spending is bad news for the economy and he's trying to pump every nickel that he can out of public coffers. >> neil cavuto was talking about this the other day, neither the republicans nor the democrats like the so-called sequester and just for our viewers probably know already. 85 billion dollars in spending reductions, i guess. >> right. >> that have pain for both sides. a big defense cut and then cuts to domestic programs, so, the republicans don't like the former and the democrats don't like the latter. so there's plenty of pain there for both sides. but he was talking about the side that look at consternation over 85 billion. we've got 16 trillion going on 17 trillion dollar debt and they can't come anymore close. they're so outraged over this 85 billion about to be cut and can't reach agreement and demand more tax hikes and demand that cuts come from elsewhere. and this doesn't bode well for that 16 going on 17 trillion dollar debt, chris and any leadership, really, from anyone on tackling it. >> well, bowles and simpson are going out and-- >> those are the guys wit
is really happening right now in our economy. what better indicator than to look at wal-mart sales because they're now reportedly putting out their quarterly sales about a billion dollars short of what they expected. fox business network stuart varney joins me on that. as wal-mart goes, so is going the nation perhaps, stuart? >> oh, yes. this isn't just one single company, one single retailer. this is america's economy. very good indicator of that and the news is not good. as you suggested there, martha, their sales are flat to down in the same stores over a comparable period. they took in about a billion dollars less than they were expecting to take in. you got to bear in end into the gas prices have gone straight up. that leaves less money available to go spend at wal-mart. taxes for everybody went up on january the 1st. same story. less money for people to spend at wal-mart. this is a disappointing indicator for the overall economy. it confirms we're still pretty weak. martha: you get that divide. you see what is going on with the ground on retail sales like you're reporting right here
. whether he also hear him about turning around the economy, and restoring credibility to the healthcare system. we are with a group of voters tonight that dayaled his speech and do they think he might have a spot sometime in the future at the white house? that lies ahead. with we welcome the author of "america the beautiful," dr. ben carson. welcome. >> thank you. >> doctor, you have gone viral. maybe not something you predicted in your life? >> yeah. usually in medicine when we think of viruses it's not a good thing. but this one turned out to be very good because i have been just overwhelmed by the responses. so many p are just overjoyed to hear some common sense." and i don't think that i put forth anything that is that intellectual challenging, it's just it's so much better than what we are hearing from washington. but it seems like a great revelation. you know, the important thing i think is to begin the dialogue. you know, some people say, you know, you can't say something like that in front of the president. when did this become a monarchy? we are the people. president works for
for his overspending and they're creating real peril for the american economy, long-term substantive peril, all of the stuff that you just had on. this is been going on for, 20, 30 years, we're going to lose the statue of liberty and the buildings are going to fall down and no police on the street and i heard that when i was mayor of new york, i had to cut 2.3, 2.4 billion and they tried to make it sound like the city was going to disappear. we cut it, the city is better off than it's been before. and fiscal discipline is something that a president is going to have to bring to government. if he couldn't, it's hard for the legislator to do it. he's been fiscally the most undisciplined president in the united states. >> couple of things, the fact that he doesn't seem it remember it was his white house idea and he okayed it on the sequester and either means he has a bad memory, which is not a good sign or he's trying to be petty or trying now that he finds himself in hot water to blame somebody else that looks petty. the second thing for the life of me, i don't understand this and see if, if
in it for the private development of the economy and jobs. i think the original founders of the sierra club would be appalled. >> paul: james. >> big miss to the olympic committee, this is the year not the millennium. dropping wrestling from the olympic, man's oldest sport and keeping badminton, ping-pong, synchronized swimming. synchroniz synchronized swimming's main contribution for a "saturday night live" kit. >> mary. >> a hit to florida senator marco rubio who turned his sweaty, walk ward swig of water during the state of the union response so-called gulp-gate into a political asset making fun of himself and posted a photo of a water bottle on twitter gained thousands of followers, in the instant politics and a little humor can go a long way. >> paul: see if it helps him along the way. if you have your hit or miss send it to us at jer@foxnews.com and twitter@jer on fnc. i'm paul gigot, we hope to see you here next week. >> jon: a week full of news, north korea tests a nuclear bomb. pope benedict called it quits, a historic move. president obama gives his state of the union speech setting the
taking his plans for the economy gun control and education straight to the public. most recently speaking to americans in north carolina, georgia and illinois. he is raising questions whether the president is maybe reaching out to the public instead of congress. john fund is a columnist and co-author of the book "who is counting?" i'll ask you right away is his public campaign a cop out? why not engage congress? >> i think the president is following in the footsteps of predecessors who said i need to convince the public to put the heat on congress to pass my program. it's a long time honored tradition and he is trying to rally support. >> heather: he wants to raise the minimum wage, expand pre-schools. campaign first, negotiate second. as you mentioned it's a strategy we've seen before and one that this white house and specifically has done before. they believe it worked for them when it came to extending the payroll tax cut in 2011. so, is the public sales pitch the way to go this time with these specific issues? >> i question that because, remember, the president went out on the road to
on the economy and on people's lives is real. >> indeed, defense officials also said today especially if it did not start right away, not only will the jobs be furloughed, all civilian pay will be cut by 20%. one reason white house aides say they have the upper hand over speaker john boehner and the conservatives seem to agree. boehner had an op-ed blasting the president for not coming up with a solution. the republican declared the cuts will be deep writing a week from now, a dramatic new federal policy is set to go in to effect that threatens the u.s. national security. thousands of jobs and more. conservative journalist byron york responding to the op-ed noting that boehner has uncomfortable position. adding why would boehner adopt the democratic description of the cut as deep when it affects small part of the federal spending? democrats are having their own problems coordinating their message, as the white house tries to push back on this probably attack. >> it was his proposal. i thought it was a bad idea. the president got it and he signed in law. he didn't have to sign it in to law. for
black gang problem. they are fighting over narcotics. the economy is squeezed so they are fighting over smaller pieces of the pie. nothing is spilled out the white neighborhoods yet. commercial district, so right now it's contained. >> eric: it's irrelevant who is shooting whom. the fact that people are dieing in the city with the strictest gun control laws prove that gun control laws don't help. maybe the city needs more gang cops, cops that break up the gangs but they certainly don't need more gun laws. >> the cops don't get on the street and do foot patrol. they stay in the car. they don't form militia. >> andrea: a lot of culprits are the young kids. don't put pressure on them. they protest it. last year alone 96% of gun felonies were not even prosecuted in the town. so, how do you fix it from here? >> dana: everyone is focusing on the wrong problem. gun issue, i would like it if we waved a magic wand and there was never more gun violence. the root cause is the dissol lution of the family. underperforming school. if you take a map of chicago and overlay gun violence and the crimes a
professor may learn how bad the economy really is after forcing the students to promise to vote for obama. plus mindy mccready's ex tells how her tragic death could have been avoided. after 1945 u.s. marines invade. >> welcome back to fox and friends first. it is now half past the hour a fox news abelert to bring you ts morning. live video of oscar piss tor pi ry. >> this is what i can tell you looking grim and solemn the judge charging oscar with a pre-meditated murder of his model girlfriend on valentine's day. he sobd uncontrollably in the courtroom as they describe yhow he killed reeva steenkamp. he attached his pros threatic leg before killing steenkamp. she was struck three times in the bathroom. this is video of reeva steenkamp's parents carrying her casket out. it was an emotional and private ceremony today. steenkamp's brother says his family will be remembering his sister for all of the goodness he stood for. >> there is a which ae are goin post the things we remember about my sister and try to continue with the things she tried to make better. >> two of his major sponsors oakle
on the economy. i have an economist on my program shortly who says every penny up for gas takes $1.2 billion out of the economy. add that up, you have a 50, $60 billion hit to the economy this year already. martha: that's a tough picture. quickly, stuart, what about the keystone impact? >> no impact on immediate pricing, none at all. that decision is being delaid. we don't know yet whether we'll build that pipeline or not. there will be almost certainly no impact on the price of gasoline in the immediate future because of that keystone decision. martha: that will take a little while. stuart, thank you so much. we'll see you later. bill: you're right. you said we're talking about this in may. martha: yeah. bill: it is mid-february. i filled you, over four bucks a gallon in new york already this weekend. martha: hang in there. hang in there. bill: we're just getting moving here. new details on a massive hacking assault linked back to beijing directly. why the communist nation hacked u.s. companies and what they might have stolen in the process. we'll have that for you. bill: charles krauthamer say
trillion dollar economy? >> well, if you look at it over all. we need to get on the trajectory to reduce smending it is how the cuts are put in place and especially in the without giving the military leaders ability to and without affecting our strategy. that is what we are in favor. and we reduce spending in the federal government and not just in this manner. they are placed on 20 percent of the budget . 50 percent of the cuts is 20 percent of the spending. there is other way to address spending including the mandatory spending programs. if we don't address social security and medicare, we'll not get our arms around the deficits. >> no, indeed . there is it a lot of talk that that has to happen. this comes back to a year ago when sequestitration employees a bad idea and not supposed to happen. talk about the finger pointing and the blame game. the president said the sequester idea came from congress and evidence showed that the president himself came up with want idea. >> we'll know that the president had that one of the conditions on the budget control act. since that time, i was speak
with lush vegetation and trees and marvel to see the nation move from a struggling economy and barely able to equip its soldiers with uniforms and weapons and a center of world class medical care and elicational excellence and free speech and election. with the exception of jordan dictators and mad dogs and malicious mahem surround the country and israel created a true and modern democracy and gave its women the opportunity to vote and lead the radical nations bep hind and sanctioned honor killings and whole steal slaughter of their citizens who dared to peek of of freedom and thought. it is it okay to strap a bomb on a baby and turn it into a human bomb so it kills and maims other people's babies. president is coming to israel as president next i wish he would let me show him around. i brought thousands of people to show them the israel i love and expect. i fear it would be coordinated by the naive politician who think we need tolicature ally israel about expanding neighborhoods and in the land that god deeded to them long before the six day war and obama was born. inted he needs to expre
for you. >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2 trillion dollars, 6 of which president obama tacked on by his lonesome. while he's busy working on his golf game, the march sequestration deadline is closer and closer 1.2 trillion in cuts will penalize our pentagon. and the round of golf played one day after our commander-in-chief found time in his busy schedule to hit the links with none other than serial philanderer tiger woods. and the first lady is taking advantage of the tax dollars, on a ski trip in colorado. as far as the outing with president obama and the world famous golfer don't expect to see any video, the white house prohibited from covering the anointed one's activities this weekend. the followi
are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not abstraction. >> sean: the cuts are not fair, they're going to hurt the economy, what the president didn't mention, the sequester, that was his idea in the first place. >> the man who literally wrote about the book about the budget battle. whose idea was the sequester and did you ever think we had he' get to this point? >> first, it was the white house. it was obama and neighbors went to the democratic leader and harry reid and said this is the solution. >> sean: there you have it the plan that the president is calling not smart, not fair, was actually his solution to quote, saving the economy. again, that's not what we heard today at the white house, what we heard was our commander campaigner in chief reverting back into election mode and bla and using pathetic scare tactics to smear the opposition. sound familiar? you've heard the fear mongering, what i'm about to play is only described as obama's mayen apocalypse, have you questioning whether o
is that the impact of sequester would be negative on the economy. >> we just keep spending more money, would he create more dependency. we get more and more irresponsible, one crisis to the next, all of them manufactured, except for the real crisis, which nobody ever addresses and that is we can't afford any of this. >> the sequester, real crisis or politics as usual or both. karl rove joins us, nice to see you, karl. >> greta, great to see you. >> greta: okay, karl, is this a real crisis for the nation or is this just politics as usual or both? >> it's a crisis in this regard. we're talking about cutting 2.3% out of this year's budget. this year's budget is bigger than last year's. it's not like we're cutting below what we spent last year, but we're taking 2.3% of this year's budget and cutting it. now, that's 85 billion out of a 3.554 trillion dollar budget. that is a -- that's $35,540 billions of dollars and we're trying to cut 85 out. if we can't do that, we're in real trouble because we'd have a huge spending problem in this country and we've got to start somewhere. look, i don't want to u
need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>. >> kelly: extreme weather alert. bay state can't catch a break, howling wind and blowing snow battering the massachusetts coast and much of the area is digging out from the massive blizzard there, parts of the cape could see up to a foot of snow. meteorologist maria molina has more details or horrible details for people living there. >> depends how you look at it. we unfortunately are getting much more snow in the northeast especially across portions of new england. state of maine under a blizzard warning, eastern portions of that state you are looking at very from four to six inches of snowfall accumulation and impacting that area right now but also strong winds, gusting up to 50 mile-per-ho
hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthist americans and biggest corporations. that's the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off, or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice, that is the question. and this is not an abstraction. there are people whose livelihoods are at stake, there are communities that are going to be impacted in a negative way, and i know that sometimes all this squabbling in washington seems very abstract, and in the abstract people like the idea, you know, there must be some spending we can cut, there must s out there. there absolutely is, but this isn't the right way to do it. so my door is open. i put tough cuts and reforms on the table. i'm willing to
at the white house yesterday. president obama flanked by first responders warning that their jobs, our economy, even our lives could be in danger if those spending cuts that he suggested and then signed into law actually take place. listen. >> or help the economy, won't create jobs. now, congress allowed this meat cleaver approach to take place. it will jeopardize our military readiness, emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. thousands of teachers and the educators will be laid off. hundreds of thousands of americans will lose access to primary care, and preventive care like flu vaccinations and cancer screenings. >> but if the president warns of devastating consequences, the wall street journal. chris stirewalt is our news power play live and stuart varney is anchor on the fox business network, great to see you both. stu, let me start with you, because we talked with chris a little about this yesterday. i'm interested in your take because the journal points out that this is a small percen
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